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<br />83-004056
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<br />9. CclIMIemnado.. The proceeds of any award or claim for damages, direct or consequential. in connection with any
<br />condemnation or otbet' taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender,
<br />In. tbe event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust,
<br />With lhe excess, if any, paid 10 Borrower, In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise aJfeC in writing. there shall be applied 10 tbe sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equal to that proportion which the amount of tbe sums secured by this Deed of Trust immediately prior to the date of
<br />taking bean to the fair market value of the Property immediately prior to the date of laking, with the balance of the proceeds
<br />paid to Borrower,
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to tbe sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not extend
<br />or postpone the due dale of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installment.,
<br />10.1Ior1'ower Not Rete.Rd. Extension of the time for payment or moditlcation of amortization of the sums secured
<br />by this Deed of Trust granted by lAnder to any succellSOr in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest, Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by tM Deed of Trusl by reason of any demand made hy the original Borrower and Borrower's successors in interest.
<br />n. Fon.e-.. by Leader Not a Walftr. Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />olherwise afforded by applicable law, shall nOI he a waiver of or preclude the exercise of any such righl or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />righllo accelerate the maturity of lhe indebtedne8S secured by this Deed of TrusL
<br />12. R~ Cu........n. All remedies provided in this Deed of Trust are dishnct and cumulative to any other right
<br />or remedy under this Deed of Tnxt or afforded by law or equity, and may he exercised concurrently, independently or
<br />successivelv,
<br />13. Satt-..... AaIc- Boand; lomt aAd Senm !.iabOlty; Captious. The covenants and agreemenls herein
<br />contained shall bind, and the rights hereunder shall inure to. the respectlve successors and assigns of Lender and Borrower.
<br />subject 10 the provisions of para....ph 17 hereoL All covenants and agreements of Borrower shall he joint and several.
<br />The captions and headings of tbe paragraplLs of this Deed of Trust are for convenience only and are not to be used to
<br />i nterprer or define lhe provisions hereof.
<br />1.... Notke. Except for any notice reqUlre-d under apphcabl_c law to he given in another manner. (a) any notice to
<br />Borrower provided for in this Deed of Trust sball he gJven by maIling such nonce hy certitled mail addressed to Borrower at
<br />lbe Property Address or at sneb olher address as Borrower may desIgnate hy notIce to Lender as provided herein, and
<br />(b) any IlOlice 10 Lender shall be given by certified mail. relurn receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate hy nOllce to Borrower as provided herein. Any notice provided for in Ihis
<br />Deed of Trost shall be deemed to have been given to Borrower or Lender when given in the manner designated herein,
<br />15. Unif_ Deal of Trust: eo"erniac La.... Senrablllty. Tl", form of deed of tru'l cnmbines uniform covenanlS for
<br />national use and non~uniforrn cove-nants with limited variations by jurisdiction to constitute a uniform s.ecurity instrument
<br />covering real property. This Deed of Trusl shall he governed by .he law or the jUfIS<.hcuon in which the Property is located.
<br />In lhe event Ihat any provision or clause of this Deed 01 Tru>! 'If .he Note conllict, with apphcable law. such conlliet shall
<br />not affect other provisions 0{ this.'. Deed of T....fJItl\.. .ot theJlllllll.whlCh can be.!1iven <lleel w'lhoul the conllicting provision,
<br />and to this end lhe provisions of tbe Deed o( T.......nd~he Note are declarcd to be severahle.
<br />16. ..............s Cop,,- Boll'Q!!!tf;$balthe 'furmshed a conlormed copy 0' the Note and of this Deed 01 Trusl al the time
<br />of execution or after recordation ~t
<br />17. TraoIsfer of the Ptoperty; Aaumpdoa. If all '" any part of the Property or an interest therein is sold or transferred
<br />by Borrow-er without Lender's prIor wfitten consent, e\duding ~ a i the I.:rt'alu.m of a lien or encumbrance subordinate to
<br />this Deed of Trust, (b) lbe creation 01 a purcha", mofiC'Y securily mtero. f"r household apphances. ! c) a transler by devise,
<br />descent or by operation of law upon lhe de.alh 01 a IOlnl tenant or I d j the grant ot any leasehold inleresl 01 three years or less
<br />001 containinl an option 10 purchase, I.ender ma~, .t lender'. "ptIOrt. declare all the sums secured by this need of Trust to be
<br />llumedialely due and pa)'llble" Lender ,hall have "'a,,<-d soch "poon to ace.:1crate il. prlor to the sale or Iransfer. Lender
<br />and the pe-non 10 whom the Property l~ to be sold or lfaltiferre-u r~ch agreen\!enl In we-lttng that the ,redil of such person
<br />is satisfaclory 10 Lender and Ihat the interest payable on the 'UIll, ",cured by th.. Deed of Trust shall he at such rale a,
<br />Lender shall request. Ill.ender hIlS waived tbe option to accelerate provHJed m Ihi. paragraph 17, and if Borrower's successor
<br />to in_l has executed a written assumption alrcemenl accepted 1ft wflung by I..",der. Lender shall release Borrower from
<br />all obIigatiom W1der this Deed of Trust and lhe Note.
<br />If Lender exercises such option to accelerate, Lender ')hall mail Borrower uOU\.-'-( of ac-ce1eration III accordance with
<br />paragraph 14 bereof. Such nOllce shall proVIde a perKl<i 01 not Ie," than ~u day' lrom the dale Ihe nOlice is mailed within
<br />whi<;h Borrower may pay lhe wn16 declared due. If Borrower falls t" P4~ ,uch sums prior to the expiration of such period.
<br />Lender may, without further nolice or demand on Bor",wet, ",volle an~ remedIes permitted by paragraph 18 hereof.
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<br />NON-UNlFOllM CoveNANTS. Borrower and L..nder turtber covenant am.t allee as follows:
<br />Ill, AttdtraUoa; R~ .:..,e,. "" pt'ovlMd In parae""""" heftOf, upon Borro..er's ,,"ach of any eo..manl or
<br />lII"e_al of Bono..... In th. lleccl of ]''''''1, iadlNliaa the CO\......nb 10 pay when due any........ lie<:uJed by Ihis Deed
<br />of Trust. u..... prior 10 acl'elerlllioD ....... IftIlIl notice 10 Borm""r ... provided lu JNll1lIfaph 14 henof specifying; (I) Ihe
<br />breachll!) lhe aclloa ........irecllo c...... such breach; IJI a ........ ..... '- I...... JO day. rrom lhe date the notic.. Is maOed to
<br />Borrowe.. by wbkl1 ,..d. Ioftach must be <'Uf<4; and 141 that raHure 10 cure such breach on or hero", Ihe dat.. specified
<br />in lhe llOtke may .....uIt ill accekratloa of lhe su_ s<<ufed by Ill" Heed of TrlfSl aAd sale or the Property. Th.. nollce
<br />sbaIl r..rthe. inl_ Borrow... of the richt 10 rei_I" atlff acce...ra.ion ..Ad the right to btiJlx a court acllon 10 _11
<br />lbe noa-exMeace of . default Of any other ....,.._ uf Borro"", 10 acccl"..lloa and sale. If Ih.. """lICk Is nol cufed
<br />.... or befere tile date speclfiecI ho tile notke, u.... at I-<,"""s option may d..clare all of lilt: s..ms secured by Ihis Deed
<br />of T...... 10 be i~"'" d.... and payable "it......t f..rlilt:r demand and may In\oke Ih" power of saI.. and any other r..medics
<br />penoalttM. by appIkable law. I................. be ..ntitled to collecl all .............b1e <"osts and npenoes Incurred in pu,s..ing Ihe
<br />Ie.... pnlvl4ed I. lhis JNlrag........ I&, l.nducIia&. hue not limJted to, re_nabie attorney's fees.
<br />If doe pow.... of sale isilo.okecI, T_ ....... reconl . nolice of default in each counly in whkh I"" Property ur some
<br />part Itlcnool is II>CaIffI and .w tuiI copies 01 5UCh noti<< In lhe ntanMr presnlbecl by apptkabte law to Borrower lll1d 10 the
<br />ot!o<<penolll pmi<riloedby ...,ucnbIe Ia... Af..., lhe ...... of .....,10 tl_ as may be required by applicable law, Trusl"" ,baU
<br />Ii.... plllI!Ik. notke of .... to the peniQlIS ..... in t.... ...n..... pnscrlbecl Ity applicable Ia... Trustu, ..1t......1 demand on
<br />......._. .. sclIlbe I'roperty at ......., auclloa to I"" bigloeot bid4er al the Ii_ ....d place ..Ad under the lerms designated
<br />ia tile 8IIdet of .. ia ODe Of __ parcds ad In sneh ot4er a Trust... may determine. Trust"" may pootpone sale of all
<br />O(..,y ....,..1 of tile Pnopaty loy ......, -..cc_nt at I.... lime and place of any pre.Jousty ...hed.....d sale, i.en...... or
<br />Leadefa ....... may ~ tile l'Ioput,at aa,y sale.
<br />UpoII rccelpi of JNI~ of tl1;o ~ bid, T~ sbalJ delis... 10 the purduoser T~'s d<<d COO\eylllll the Property
<br />~. .... rdnlti Ia tile ~'. deal shall be priaIa fade ..vidence of !be trntb of the slateoneDt>t ulllde therein, TI'U5Ie<'
<br />shall.. 1 .... .... ttw. ...-.. of tl1;o sale.. in.. the folio-iDe order. (a) 10 all r..asooabte. eosts lUld expe. _ of the >ale, lndudinlt. bul
<br />DI!l ~ kJ. l'nouee'. f_ of not _tlwo ~ of 1'* of the gross sale pri<<, ",.._bit' atl_y's r..... and COOls of tiU.. c,'ide......,;
<br />(b) to .....-lAt1lII_ tIolIl UeecI of........; and te) the Uce5Il, If any. to the pmlOD or person.s lqally entitled 1loer;,11I.
<br />It. ~....... to....., NOlwithslanding tender's a",clenlliun of the sum. '"'cu....d b~ !1m De..d ,,( Tl'U".
<br />~w shallba~ 1M riahlto hllve any proceedings hellun by Lender to enforce th;. Deed or Tr"'l <llS<:""'"11led at
<br />lOtl)' lirmI prinf. \o.lhe lllldiedo OC<.-t..r of (ijlhe flftb day hefore the sale of the Property pursuantl<> the I""ver of ,.Ie conlalllt'"
<br />illitbb, Deed of Tru$l or till entf)' of ..judlfllClll eofnreinglhi. Deed of Trust if: (a) Bormwer pays Lender oil sum, which would
<br />be t~dllC: 1.tDdt'l'llU. Dooed of TfU$I. lhe Nul.. ..nd nole$ secming Future Advanl'eS, tf any. had no an'ekrallnn ,,,,currcd:
<br />IIlI ~~ ~ aD brtal;1\e. of llII)' "tber eovena..!s or agH\Cment. of lrorrowe, contained '" II... Deed of 1 rUll:
<br />(It) Bonnwer pay. all ~_llbIe ""penu. IncmTed by tender and Trmlee In enlore",. the ""'cnants and "sreem"nh "f
<br />~ ~lIe!J In Ihi. l)eed of TrUil.t and in "nf~rcinll I...n<.kr', ~nd TrYI.t""'\ "'Illedie. as pnm4ed III "_n.gra,,h IS
<br />~,i~, bolt ~ limiliMf to. real")llabre lltl<.lJlJey\ lees; and Id) Borrower I,."", 'uc:h aell<.'II a. Lel1oo,. m.y ,c",,,"abl;
<br />reqlli~ W ~ tl1allhe lien (>f this Dce4 01 TN.t, L""def'. itlt"f"'l In the Pwp<:rty and Borrower", ""filla.i'lIl I" .1''';
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